South Africa was originally opposed to unfreezing the cash saying it implied recognition of the NTC but it is understood it backed down after pressure from the US. Neither South Africa nor the African Union has yet recognised the NTC, and South African diplomats had insisted that sending money to the rebel government implied international recognition.
Post published in: World News
27.8.2011
13:38
Gaddafi millions released
The United Nations Security Council has agreed to release $1.5bn of seized Libyan assets for humanitarian needs. The US and South Africa struck a deal after the rebel-led National Transitional Council said it urgently needed at least $5bn to pay state salaries, maintain vital services and repair critical oil facilities.